Report Description

Press Release

Technological advancements, increasing disposable income, and growing production and sales of automobiles to drive global automotive brake components market through 2024
According to TechSci Resear

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Global automotive brake components
market is anticipated to register growth during the forecast period, on account
of surging demand for automobiles in developing as well as developed economies.
Stringent government regulations and mandates with reference to vehicular
safety norms, in addition to government initiatives in economies such as China
and India aimed at boosting vehicle production, is driving global automotive
brake components market. The main objective of a brake system is to reduce the
speed and stop the vehicle. Automotive braking components, such as brake
caliper, brake shoe, brake line and brake pad, are responsible for producing
the braking effect in vehicles. Regenerative braking, ABS and other technological
advancements have gain popularity over the last decade.

Global Automotive Brake Components Market Segmentation

Global automotive brake components
market can be categorized based on vehicle type, product type and demand
category. Disc and drum are two major brakes used in automobiles. In terms of
product type, the market for automotive brake components can be segmented into brake
caliper, brake shoe, brake line and brake pad. Floating calipers have high
rigidness and rigid mounting, enhancing the performance of brakes. Brake shoe
segment is expected to grow at a significant rate due to high preference and
demand for passenger cars in which it is used. In terms of vehicle type,
passenger cars are the preferred choice and the trend is likely to continue during
the forecast period, on the back of high demand for SUVs and sedans.

Globally, automotive brake
components market is gaining traction and expanding to various regions
including Asia-Pacific, North America, Europe, South America and Middle East
& Africa. Asia-Pacific is anticipated to dominate global automotive brake
components market during the forecast period, owing to rising vehicle
production in economies such as India and China.

TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers
across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of
secondary research. TechSci Research analyzed manufacturers, distribution channels and presence of all major manufacturers across the globe.

TechSci Research calculated global automotive brake components market size
using a bottom-up approach, where data for various
end-user segments was recorded and forecast for the future years. TechSci
Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.

The study is useful in providing
answers to several critical questions that are important for industry
stakeholders such as manufacturers, partners and end users. The report also
provides useful insights about which market segments should be targeted over
the coming years in order to strategize investments and capitalize on growth
opportunities.

Report Scope:

In this report, global automotive brake
components market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:

Market, by Vehicle Type:

Passenger Car

Light Commercial Vehicle (LCV)

Medium & Heavy Commercial Vehicle (M&HCV)

Market, by Demand Category:

OEMs

Aftermarket

Market, by Product Type:

Brake Caliper

Brake Shoe

Brake Line

Brake Pad

Market, by Region:

Asia-Pacific

China

India

Japan

Australia

New Zealand

Europe

Germany

United Kingdom

France

Spain

Italy

North America

United States

Mexico

Canada

South America

Brazil

Argentina

Colombia

Middle East & Africa

South Africa

Saudi Arabia

UAE

Iran

Competitive
Landscape

Company Profiles: Detailed analysis of the major
companies present in global automotive brake components market.

Available
Customizations:

With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report: